Contract negotiations covering workers at 14 U.S. East Coast and Gulf Coast ports will resume the week of Sept. 17 with federal mediators in an attempt to prevent a walkout that would disrupt holiday shipping.
In today's "Off The Charts" Bloomberg's Scarlet Fu reports that John Arnold, the hedge-fund manager who became a billionaire betting on natural gas prices, said he’s closing his Centaurus Energy Master Fund “to pursue other interests.” Arnold shutters Centaurus as natural gas prices hover near 10-year lows, stifling returns. It’s the second major energy hedge fund to close in the last four weeks. She speaks on Bloomberg Television's "Inside Track." (Source: Bloomberg)
The Supreme Court of Canada ruled that Finance Minister Jim Flaherty’s proposal to create a national securities regulator is unconstitutional, arguing that the federal government overstepped its authority into provincial jurisdiction.